How much money do you collectively have in your bank accounts?
Just trying to understand how much money people are keeping in bank accounts and how much is okay to keep in banks.
Who are these individuals who have more than 10 lakhs in their bank accounts? Please guide on what career choice can we make to start creating wealth outside of job and investing
More of spending choices than career choices. Inflow matters but not as much as saving/spending. My net worth went from 30L to 1.25cr in last 3 years while my salary just doubled (1.2L to 2.35L pm)
How much are you saving for your corpus to go up 4 times in 3 year?
18/- 😎🤘
I think it's enough for 🚬
Tax📈 boss, 20 now, 18 is when you buy atleast 5
~17 right now, which is a very stupid thing I’ve done
Need to invest soon
Advice to people who also do this: deploy in at least a flexible FD so that you at least better % than what savings account gives you
Same here bro, i also have almost the same amount in my bank, thought of sweep-in FD but it seems risky if not used properly
I don't really know where to invest now, already invested some in equity and MF, dont want to put more in equity now, at least right now when the market is all time high
Select 5 stocks..which are not highly volatile yet volatile enough to generate Alpha...in my case I chooe an entry point..invest 5 lakhs..wait for 4-5 weeks..by that time if my assumptions go in ryt direction (which infact were ryt most of the time)..the stock should have moved 4-5% ..this is my threshold .I will sell off that stock.. this would roughly translate to 20k-25k in 4-5 weeks..or annualized 48% to 60%..pre tax...voila beat FDs...